LeoVegas applied for Swedish license

A well-known provider of gambling services from Sweden – LeoVegas plans to obtain a license from its home country. The company was puzzled by such an initiative as soon as it became known that a regulated betting market will be launched in Sweden in 2019. Local authorities are already accepting applications from willing operators.

LeoVegas believes that obtaining a Swedish license will allow them to significantly expand their business. Up to the fact that the company’s annual profit will grow to 600 million euros by 2020.

According to the company’s financial data for the second quarter of this year, they received 39% of their revenue within regulated markets. And the Swedish segment is the most attractive.

LeoVegas also focuses on the fact that working within regulated markets offers great opportunities due to focus on local users.

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